3050 E Lincoln Way | Massillon, OH 44646
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3050 E Lincoln Way
Massillon, OH 44646
Retail Property For Sale
Investment Highlights
- Fresh, long-term (15-year) lease
- Established location on a major thoroughfare
- Minimal nearby competition with no hypermart fuel centers
- Strong in-place cash flow
- 20K+ vehicles per day travel along Lincoln Way E.
- Well-established operator with new fuel supply agreement
Executive Summary
3050 Lincoln Way East represents an opportunity to acquire a stable retail property with immediate access to a strong, stable cash flow
and substantial remaining lease term. The current tenant is a well-established operator and has fifteen years of remaining lease term. The property benefits from an excellent, central location along Lincoln Way East, providing excellent visibility and ease of access for customers.
The Property’s location is a tremendous benefit, as it is on corner along a major thoroughfare and not within close proximity to a hypermart. Within the five-mile stretch of Lincoln Way headed east from downtown Massillon, there are only a handful of gas stations, none of which are hypermart stations. This bodes well for the future success of the fuel center at 3050 Lincoln Way East.
and substantial remaining lease term. The current tenant is a well-established operator and has fifteen years of remaining lease term. The property benefits from an excellent, central location along Lincoln Way East, providing excellent visibility and ease of access for customers.
The Property’s location is a tremendous benefit, as it is on corner along a major thoroughfare and not within close proximity to a hypermart. Within the five-mile stretch of Lincoln Way headed east from downtown Massillon, there are only a handful of gas stations, none of which are hypermart stations. This bodes well for the future success of the fuel center at 3050 Lincoln Way East.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,960 SF
Building Class
C
Year Built
1955
Price
$1,150,000
Price Per SF
$587
Cap Rate
5.74%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.34 AC
Zoning
commercial
Parking
21 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 04303487 | Improvements Assessment | $261,520 |
| Land Assessment | $35,980 | Total Assessment | $297,500 |
PROPERTY TAXES
Parcel Number
04303487
Land Assessment
$35,980
Improvements Assessment
$261,520
Total Assessment
$297,500
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